Mark Lennihan, AP
Though people ages 18 to 35 want to own a home, 69 percent say the housing bust has helped them know more about buying a home than their parents did at their age, according to MarketWatch, citing a study by Better Homes and Gardens Real Estate.
“They’re not going to end up getting into a situation that they’ve seen where they can’t keep the house” because they can no longer afford it, Matt Rand, managing partner of Better Homes and Gardens Rand Realty, told Marketwatch.
Those surveyed are optimistic about eventually owning a home. Forty percent would work at a second job and 23 percent say they would live with their parents in order to save up for a home.
Sixty-nine percent of people ages 18 to 35 won’t buy a home until they have enough money saved up to keep the purchase from impacting their form of living.
Seventy-five percent of the 1,001 people surveyed see homeownership as a crucial indicator of success.
- Girls who play with Barbie may not see their...
- Dave Ramsey says: Don't waste your time,...
- Target data breach: Credit monitoring will...
- Going digital a giant leap for 'dollar theaters'
- Salt Lake Bees' stadium renamed Smith's Ballpark
- Demolition underway on major downtown office...
- Uintah County businesses still struggling one...
- Doug Robinson: Gail Miller — Carrying...
- Attempt to raise minimum wage in Utah... 28
- Dave Ramsey says: Don't waste your... 12
- Girls who play with Barbie may not see... 12
- About Utah: He came, he saw, he fit in 8
- Report: Utah made big money by keeping... 8
- Demolition underway on major downtown... 5
- Doug Robinson: Gail Miller —... 4
- Stericycle move to Tooele gets House... 4